Costpoint

Who Uses Costpoint?

Project-Based Businesses

What Is Costpoint?

Costpoint offers government contractors unparalleled project management, accounting, labor, reporting and compliance features so you get the exact capability you need to increase efficiency and improve profitability. It was built specifically for government contractors and has been adopted by thousands of government contractors and earned the trust of federal agencies and their auditors.

Costpoint Details

Deltek, Inc.

https://www.deltek.com/en

Founded 1983

Contract Management
Costpoint Manufacturing
Costpoint Procurement
Project Accounting
Project Management
Costpoint video
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Costpoint pricing overview

Costpoint does not have a free version but does offer a free trial.


Starting Price

Not provided by vendor

Free Version

No

Free Trial

Yes

Costpoint deployment and support

Support

  • 24/7 (Live rep)
  • Chat

Deployment

  • Cloud, SaaS, Web-based
  • Mac (Desktop)
  • Windows (Desktop)
  • Windows (On-Premise)
  • Linux (On-Premise)
  • Android (Mobile)
  • iPhone (Mobile)
  • iPad (Mobile)

Training Software

  • In Person
  • Live Online
  • Webinars
  • Documentation

Costpoint Features

  • API
  • Access Controls/Permissions
  • Accounting Software
  • Accounts Payable Software
  • Accounts Receivable Software
  • Activity Dashboard
  • Activity Tracking
  • Approval Process Control
  • Audit Management
  • Audit Trail
  • Automatic Billing
  • Bank Reconciliation
  • Billing & Invoicing
  • Budgeting/Forecasting
  • CPA Firms
  • Compliance Management
  • Credit Card Processing
  • Document Storage
  • Expense Claims
  • Expense Tracking
  • Financial Management Software
  • Financial Reporting Software
  • Fixed Asset Management Software
  • For Government
  • Fund Accounting Software
  • General Ledger
  • Income & Balance Sheet
  • Inventory Management Software
  • Inventory Tracking
  • Invoice Management
  • Mobile Access
  • Multi-Currency
  • Multi-Location
  • Nonprofits
  • Order Management Software
  • Payroll Management
  • Project Accounting Software
  • Project Management Software
  • Projections
  • Purchase Order Management
  • Purchasing & Receiving
  • Quotes/Estimates
  • Receipt Management
  • Recurring/Subscription Billing
  • Reminders
  • Sales Tax Management
  • Status Tracking
  • Tax Management Software
  • Third Party Integrations
  • Workflow Management Software

View full list of Accounting Software

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  • Audit Trail
  • Business Process Automation
  • Business Process Control
  • CRM Software
  • Calendar Management
  • Collaboration Tools
  • Commenting / Notes
  • Compliance Management
  • Configurable Workflow
  • Customizable Fields
  • Customizable Forms
  • Customizable Reports
  • Customizable Templates
  • Data Import/Export
  • Data Visualization Software
  • Document Management Software
  • Document Storage
  • Drag & Drop
  • Email Management Software
  • Forms Management
  • Graphical Workflow Editor
  • Monitoring
  • No-Code
  • Process Change Tracking
  • Process Control
  • Process Modeling & Designing
  • Projections
  • Real Time Data
  • Real Time Reporting
  • Real-time Updates
  • Reporting & Statistics
  • Reporting/Analytics
  • Role-Based Permissions
  • Rules-Based Workflow
  • Task Management Software
  • Task Progress Tracking
  • Template Management
  • Templates
  • Third Party Integrations
  • User Management
  • Version Control
  • Visual Workflow Management
  • Workflow Management Software

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  • Compliance Management
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  • Configurable Workflow
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  • Corrective and Preventive Actions (CAPA)
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  • Customizable Templates
  • Data Visualization Software
  • Document Management Software
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  • Environmental Compliance
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  • Incident Management Software
  • Monitoring
  • Multi-Language
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  • Real Time Data
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  • Risk Management Software
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  • Sarbanes-Oxley Compliance
  • Security Auditing
  • Surveys & Feedback
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  • Third Party Integrations
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  • Compliance Management
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  • Contractor Management Software
  • Customizable Forms
  • Customizable Reports
  • Customizable Templates
  • Document Management Software
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  • Invoice Management
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  • Job Tracking
  • Multiple Projects
  • Progress Tracking
  • Project Time Tracking
  • Project Tracking Software
  • Projections
  • Purchase Order Management
  • Qualification Tracking
  • Real Time Data
  • Real Time Notifications
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  • Reporting & Statistics
  • Reporting/Analytics
  • Safety Management Software
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  • Subcontractor Management
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  • Task Scheduling
  • Third Party Integrations
  • Time & Expense Tracking
  • Time Tracking Software
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View full list of Contractor Management Software

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Costpoint Alternatives - Capterra UAE 2021

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Costpoint Reviews

Read all reviews

Overall rating

4/5

Average score

Ease of Use 3.8
Customer Service Software 4
Features 3.9
Value for Money 3.8

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Verified Reviewer
Contracts & Subcontracts Lead
1,001-5,000 Employees
Used the Software for: 2+ years
  • Overall Rating
    5 /5
  • Ease of Use
    4 /5
  • Features & Functionality
    4 /5
  • Customer Support Software
    4 /5
  • Value for Money
    4 /5
  • Likelihood to Recommend
    8/10
  • Reviewer Source 
  • Reviewed on 24/10/2017

"Use daily reports work well"

Comments: Just in time reporting

Pros: It combines accounting and contracts. Easy to use and run reports and pull data from system. Love the real-time reporting

Cons: The contracts model needs more attention. It could be more robust. It is really not functional out of the box

  • Reviewer Source 
  • Reviewed on 24/10/2017
Juliana L.
Director of Finance
Aviation & Aerospace, 51-200 Employees
Used the Software for: 1-5 months
  • Overall Rating
    4 /5
  • Ease of Use
    1 /5
  • Features & Functionality
    4 /5
  • Customer Support Software
    5 /5
  • Value for Money
    3 /5
  • Likelihood to Recommend
    6/10
  • Reviewer Source 
  • Reviewed on 19/11/2019

"Costpoint"

Comments: This was a lot more time consuming to implement. Other softwares we surveyed before going with CP had a tool that would export our data from quick books into their system. Not sure why CP doesn’t have this feature.

Pros: The reporting feature. We really liked the cognos relationship, and the ability to export directly to excel as well as upload from excel.

Cons: The revenue to income statement. I have never worked with an accounting system where once I created and posted an invoice, the total revenue for that product on the income statement is different then what was billed. I do not understand why I have to tell my system to recognize or “pick up” my revenue. It’s redundant and causes a lot of headaches.

  • Reviewer Source 
  • Reviewed on 19/11/2019
Ruby L.
Administrator
Banking, 10,000+ Employees
Used the Software for: 2+ years
  • Overall Rating
    3 /5
  • Ease of Use
    3 /5
  • Features & Functionality
    3 /5
  • Customer Support Software
    3 /5
  • Value for Money
    5 /5
  • Likelihood to Recommend
    7/10
  • Reviewer Source 
  • Reviewed on 30/09/2018

"Deltek Review"

Comments: It is an ok system overall but there needs to be a huge update to the system to compete with it's competitors. The strong point is that most government contractor are using Deltek Time and Attendance since it is engineered for this industry so people are more likely to get the HRIS system to integrate easily with timesheets.

Pros: The system has a pretty easy interface to enter in basic information such as personal information, checking, tax information, and updating benefits. The ESS system once setup, it is pretty great for the employees as they can choose benefits through open enrollment, update tax information and update their address information. The reporting is simple for standard reports and can be easily pulled in excel format so you are able to manipulate the spreadsheets.

Cons: The software is very outdated and has not been updated in several years. Other systems are light years ahead of this system as it looks like it is from the 1990's. The custom reporting is very clunky and hard to create any of these reports as there are many files to look into and no intelligent search functions. You can only pull the reports in excel format so there not other options such as CSV and PDF. The ESS section is also out of date and not very integrative to the HRIS system. The setup for benefits, tax and validations tables in the back end of the system is hard to recognize and makes it harder for complete setup. There is ACA integration as well and it makes it hard that you have to click on separate sections of the screen to look at information rather than clicking one repository to reach all of the information.

  • Reviewer Source 
  • Reviewed on 30/09/2018
Tina D.
Manufacturing Engineer
Defense & Space, 10,000+ Employees
Used the Software for: 2+ years
  • Overall Rating
    4 /5
  • Ease of Use
    4 /5
  • Features & Functionality
    3 /5
  • Customer Support Software
    Unrated
  • Value for Money
    Unrated
  • Likelihood to Recommend
    7/10
  • Reviewer Source 
  • Reviewed on 01/12/2018

"Easy-to-use but doesn't work for every situation"

Pros: I use costpoint daily at my job and the software is very easy to navigate. I have no issues searching for BOMs (Bill of Materials) and costpoint interacts relatively seamlessly with the systems that we use for engineering drawings and shop floor instructions.

Cons: A lot of the materials in the BOMs seem to be controlled by effectivity dates. This may work well for companies that have interchangeable parts with planned obsolescence dates, but the industry I work in has variable production schedules where it'd be preferable to control materials by engineering drawing effectivity.

  • Reviewer Source 
  • Reviewed on 01/12/2018
Nastazija B.
Linguist
Government Relations, 501-1,000 Employees
Used the Software for: 1+ year
  • Overall Rating
    5 /5
  • Ease of Use
    3 /5
  • Features & Functionality
    4 /5
  • Customer Support Software
    Unrated
  • Value for Money
    Unrated
  • Likelihood to Recommend
    7/10
  • Reviewer Source 
  • Reviewed on 24/09/2020

"Not a big fan of this program"

Pros: Accessible (once you have your credentials) from any computer. Easy to track your hours worked and if they were approved or not. Also the feature of used/unused leave balance is really helpful.

Cons: If you are not assigned to a project for a while, the whole access needs to be reset by HR, which is completely unnecessary. It is a bit annoying that every time you put in your hours worked you have to save the changes otherwise if you sign out and sign back in from another device you have to start all over. If HR has not uploaded the correct project code - you can't put any hours in at all. If you need to make changes of the hours worked, it is a hassle, because it's throwing error messages all over.

  • Reviewer Source 
  • Reviewed on 24/09/2020